The cryptocurrency price prediction for today, April 16, suggests choppy moves will continue as Bitcoin price defends $80,000 while Ethereum holds on to the $1,500 support level. Meanwhile, macro trends are shifting as President Trump considers pausing auto tariffs. If this happens, altcoins are poised to rally. In this article, we look at the top 5 altcoins with strong fundamentals, bullish technical outlook, and high market interest that may spearhead a recovery this week.
Cryptocurrency Price Prediction: 5 Altcoins Likely to Explode This Week
The cryptocurrency market is poised to make a strong recovery if the economic climate shifts if President Trump pauses auto tariffs this week. If this happens, the top altcoins to buy today for significant gains are Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), and Fartcoin (FARTCOIN).
Ripple (XRP)
Ripple is the second-largest altcoin after Ethereum (ETH). The cryptocurrency is surrounded by several bullish catalysts that support a bullish price prediction this week. This includes a possible Ripple partnership with SWIFT, and the end of the SEC lawsuit.
At the same time, the technical outlook is bullish. The ADX line has flattened suggesting that the recent downtrend has grown weak. At the same time, at its current price of $2.05, XRP is trading within a key demand zone, suggesting that the altcoin may soon rebound.
If shifting macro conditions trigger a rise in buying activity and Ripple price urges above the PoC level of $2.34, it may spark a 45% rally to an all-time high of $3.40.
The bullish narratives around XRP and the strong technical outlook make it one of the top altcoins that will likely explode this week.
Solana (SOL)
Just like Ripple, Solana is also surrounded by bullish narratives. As Coingape reported recently, Canada will launch its first spot SOL ETFs today, April 16, which will open up the altcoin to institutional investors and trigger a rally to the highly-coveted price of $200.
At the same time, Solana is outperforming the largest altcoin, Ethereum, after the SOL/ETH ratio recorded its highest weekly close. This also makes SOL one of the top altcoins to buy this week for explosive gains.
Meanwhile, the daily chart shows this cryptocurrency has formed a double bottom pattern which supports bullish Solana price prediction. It suggests SOL may reach $180 if it breaks resistance at $147. Doing so will kickstart an uptrend to the $295 record high. The AO bars have also flipped bullish.
Dogecoin (DOGE)
One of the main reasons making Dogecoin one of the top altcoins to buy today is whale activity. Data from Santiment shows that DOGE whales are accumulating the dip. In the last three days, DOGE whales holding between 1M and 10M DOGE have bought 60M tokens. Meanwhile, those holding between 100M and 1B DOGE have bought 230M tokens.
As whales accumulate Dogecoin, it may precede a bounce to the upside. Whales are also good at buying at low prices and selling high. Therefore, the recent purchase hints that DOGE may have bottomed.
Chainlink (LINK)
As the cryptocurrency price prediction for today hints towards a possible reversal, on-chain data suggests that Chainlink is one of the top altcoins to buy. Chainlink is one of the largest RW tokens by market cap. Additionally, data from DeFiLlama shows that the RWA TVL has surged to an all-time high of $11.30 billion, suggesting that LINK may be on the verge of a massive upswing.
As the RWA TVL continues to rise, Chainlink price is poised to make an explosive move, suggesting that a rally past the $15 resistance level may be in the cards for LINK this week.
Fartcoin (FARTCOIN)
One of the best altcoins to buy this week is the Fartcoin meme coin, which recently outperformed the broader crypto market. At press time, this Solana meme coin was shedding some of its gains with a 7% drop to trade at $0.85. However, the technical outlook remains strong, suggesting a bullish price prediction for the cryptocurrency.
Data from Coinglass shows that Fartcoin’s open interest recently reached an all-time high and remains at elevated levels. This highlights a bullish outlook and conviction among traders that the uptrend may continue.
Final Thoughts on Altcoins Likely to Explode This Week
The cryptocurrency price prediction for today, April 16, shows that traders are still uncertain. However, despite the uncertainty, five altcoins have stood out with robust fundamentals and a bullish technical outlook suggesting that they may record an explosive rally this week.
The post Cryptocurrency Price Prediction: 5 Altcoins Likely to Explode This Week appeared first on CoinGape.